After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis | Malay Mail

Saturday, 16 Jan 2021 08:25 AM MYT

It took over a year for the Italian-American and French automakers to finalise the US$52 billion deal, during which the global economy was upended by the Covid-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE’s bell with Chairman John Elkann.

“He has proven to be the kind of person who prefers action to words, so I don’t think he will make loud statements or try to over-sell targets,” he said.

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Stellantis is born as Peugeot, Fiat complete their mergerThe new company will be the world’s fourth-largest automaker with a workforce of over 400,000. FMTNews
مصدر: fmtoday - 🏆 5. / 72 اقرأ أكثر »

Merger of FCA and Groupe PSA completedTHE merger between Peugeot SA (“Groupe PSA”) and Fiat Chrysler Automobiles NV (“FCA”) that will lead the path to the creation of Stellantis NV (“Stell...
مصدر: theSundaily - 🏆 25. / 51 اقرأ أكثر »